Proposed Changes Would Create Unbalanced, Flawed Budget Process

The president’s FY2005 budget contains several proposed changes to the congressional rules governing the process by which federal budget policy is legislated. These rules could have dramatic consequences for spending and tax policy over the next 5 years.

While, admittedly, changes in the budget process are not the most exciting of issues, the proposed process changes would likely cause large drops in domestic investments and a continuation of current tax policy and massive federal deficits. Download Full report (.pdf)

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The Budget for 2004 is Finally Done

Just in time for the start of the Year of the Monkey, on Thursday, Jan. 22, the Senate passed the omnibus conference report (HR 2673) which was approved by the House a month ago.

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Dynamic Dysfunctions

At the start of this Congress, the Republican-led House Ways and Means Committee made the implementation of the controversial practice of “dynamic scoring” for budget decisions one of its first orders of business.

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Appropriations Update

While timeliness has not been a hallmark of appropriations bills in recent years, this year is proving exceptionally slow. According to budget procedures, appropriations bills are supposed to be finished by June 30 to leave plenty of time to reconcile differences between the House and Senate before the new fiscal year, which starts October 1. But this year, not a single appropriations bill has been sent to the president, and neither house has completed action on all 13 appropriations bills.

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The Bush Budget: Reagan Redux

OMB Watch will continue to analyze the President's FY 2003 Budget. Please see the OMB Watch website over the next week for further analyses of homeland security spending, cuts to human needs spending, and spending increases on future tax cuts. The President's Budget is now online. The Washington Post has provided an agency-by-agency overview of the President's proposed spending increases and cuts.

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